Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s share price reached a new 52-week high on Monday . The company traded as high as C$2.59 and last traded at C$2.59, with a volume of 6080019 shares traded. The stock had previously closed at C$2.36.
A number of analysts have weighed in on BTE shares. Royal Bank of Canada increased their price objective on Baytex Energy from C$1.80 to C$2.20 and gave the stock a “sector perform” rating in a research report on Monday, June 7th. BMO Capital Markets increased their target price on Baytex Energy from C$1.75 to C$2.75 and gave the stock a “na” rating in a research note on Monday, June 21st. Scotiabank increased their target price on Baytex Energy from C$2.25 to C$2.75 in a research note on Thursday, July 15th. Raymond James reissued an “outperform” rating and set a C$3.50 target price on shares of Baytex Energy in a research note on Friday, September 3rd. Finally, CIBC reissued a “hold” rating and set a C$3.00 target price on shares of Baytex Energy in a research note on Thursday, September 2nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Baytex Energy currently has an average rating of “Hold” and an average price target of C$2.26.
The stock has a market capitalization of C$1.50 billion and a PE ratio of 1.23. The firm has a 50 day moving average of C$2.18 and a two-hundred day moving average of C$1.86. The company has a current ratio of 0.43, a quick ratio of 0.41 and a debt-to-equity ratio of 99.88.
Baytex Energy Company Profile (TSE:BTE)
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties include the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.
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